INFLATION continues to rise as monthly inflation for July went up to 0,7 per cent, according to the latest data released by the Central Bureau of Statistics yesterday.
The rate went up by 0,3 percentage points from the rate of 0,4 per cent recorded in June. The annual inflation rate was much higher at 5,1 per cent compared to the annual inflation rate for July last year, which was at 1,7 per cent.According to the CBS, the increase resulted from increases in prices of fuel, water, electricity, services and alcohol, among other things.The index for housing, water, electricity, gas and other fuels also went up to 129,3 – an increase of 2,6 percentage points from 126,7 registered in June.The annual inflation rate was much higher at 5,1 per cent compared to the annual inflation rate for July last year, which was at 1,7 per cent.According to the CBS, the increase resulted from increases in prices of fuel, water, electricity, services and alcohol, among other things.The index for housing, water, electricity, gas and other fuels also went up to 129,3 – an increase of 2,6 percentage points from 126,7 registered in June.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
